As we can see we saw a huge downfall in the second half but it did close above 39550 giving respect to the psychological level hence if BANKNIFTY opens weak and below the psychological level we might see another sliggish to negative market today
The Inverted Hammer also forms in a downtrend and represents a likely trend reversal or support. It’s identical to the Hammer except for the longer upper shadow, which indicates buying pressure after the opening price. This is followed by considerable selling pressure, which wasn’t enough to bring the price down below its opening value. Again, bullish confirmation...
Dear All, So, finally once again we had seen the magic of 17180 level . As even after making a high of 17205.40, Nifty had ultimately given us a closing of 17076.90 Today will somehow be a very crucial day, where the bulls are waiting for a closing of above 17180. Because for the past consecutive 2 days , Nifty tried its best to cross this Resistance level...
BEML Cmp 1248 dated 23-3-2023 1. Big Bullish Engulfing Candle. 2. Triangle Pattern 3. BO @ 1260 4. RSI BO 5. Price Rise with Volume Rise. Buy Above 1260 for target 1300-1350-1400 SL 1180 It is just a view, please trade at your own risk.
As we can see NIFTY had been sideways throughout the day hence making in a range and hence any break either side could show good move! level to watch is 17100 and till 17100 is protected we are still bullish in nifty hence keep watching everyone
Dear All, After witnessing a gap up opening in Nifty yesterday, there was a hope that the Index might give us a closing of above 17180 . However, unfortunately that did not happen . Which, therefore, is a clear indication that the level of 17180 is still working as a strong Resistance for the Market. Furthermore, we are still with our words, that ...
A shooting star occurs after an advance and indicates the price could start falling. The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open. Traders typically wait to see what the next candle (period) does following a shooting star ....
Hammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow. The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price. The close can be above or below the opening price, although...
Hi Folks Please focus on Infosys, it formed Support Hammer Candle near Jun & Sep 2022 low.
$BANKNIFTY has given a positive close today above the long time resistance zone. Apart from this a Bullish RSI Divergence is seen on the charts on Daily TF. Along with the above, buyers fight back today was more prominent in Bank Nifty than in Nifty with BN giving positive upside signs clearly as soon as it broke from the first 1 hour zone. Comparatively, $NIFTY...
Dear All, Almost after 8 trading days , we have finally witnessed a beautiful green candle on the chart of Nifty. This however, can be the outcome of the last 3 candles , i.e., back to back 2 doji patterns followed by a hammer pattern formation. Moreover, after witnessing a beautiful closing of 17107.50 yesterday , we are somehow still under the ...
As we can see NIFTY showed some amazing upmove today, though BANKNIFTY outperformed NIFTY in terms of growth but we can see NIFTY having more potential than BANKNIFTY as NIFTY still has space to cover till 17300 which could be seen in upcoming trading sessions so keep watching everyone
Finnifty Importent Levels For Option Buying and Option Selling Finnifty Next Support Zones for Long Trade First Support Zone For Finnifty - 16700 - 16715 Second Support Zone For Finnifty – 16590 - 16600 Third Support Zone For Finnifty – 17425 - 17445 Finnifty Next...
I would like to share my analysis on the Dow Jones stock. Currently, Dow is facing stress at the 32587 level which is acting as a resistance. Based on my analysis, I believe it is a good time to take a short position from here. I predict that Dow is moving towards the 29534 level. Thank you for considering my analysis. Best of luck with your trading.
Finnifty Expiry Possible Long Trade or Finnifty Call Side Trade 17500 CALL First Target – 180 17500 CALL Second Target – 232 Finnifty Next Support Zones for Long Trade First Support Zone For Finnifty – 17425 – 17445 Second Support Zone For Finnifty – 17235 – 17255 Third Support Zone For...
Dear All, So, by making a low of 16828 and by ultimately giving us a closing of 16988.40 yesterday , Nifty had once again shown us a bounce back from around the stated level of 16800 , i.e., the same level on which a neckline formation is made. Also, after the two consecutive days of doji formation , yesterday's hammer pattern formation is somehow...
Buyers Defended this level -- 200. Can be considered as Double bottom. Entry @ 250 Stop Loss - 200 Target 1 - 350 Target 2 - 400
Nifty Confirm Targets By Chart Analysis and Option Chain Analysis 2023 Support Zones For nifty Intraday Trading First Support Zone For nifty50 – 16955 - 16970 Second Support Zone For nifty50 – 16863 - 16880 Third Support Zone For nifty50 – 16715 - 16735 Resistance Zones For...